
Advertising Age announced that Pfizer handed its global account to White
holding companies Publicis Groupe and IPG after a massive shootout reportedly
involving numerous White holding companies and incumbent Dentsu.
Not
surprisingly, the Ad Age piece made no references to non-White advertising
firms. In short, it looks like multicultural marketing professionals were excluded
from the pitch process—which is outrageous on at least three levels:
First, people of color receive unequal
attention from the global healthcare system. Indeed, no one denies that the
system is infested with systemic racism. Pfizer’s apparent disregard for DEI in
selecting its marketing partners reflects a harsh reality too often exposed in
society—and especially in Adland.
Second, Pfizer rose to prominence in recent
years with its vaccine for COVID-19—an infectious disease disproportionately
affecting people of color. Again, the company appears to be ignoring its
biggest audiences.
Third, Pfizer Global CMO Drew Panayiotou declared,
“Health care is a local thing. So how do we think about products that are
global that are made for the world, but connect them the right way locally?”
Um, if the definition of “local” encompasses community culture—as well as standard
geographics and demographics—how does the Big Pharma enterprise hope to
authentically connect by engaging with White holding companies that have failed to attain any semblance of cultural competency
and basic human empathy?
Perhaps Ad
Age simply neglected to probe for the DEI components of the Pfizer-Publicis-IPG
conspiracy. The White holding companies undoubtedly hyped—i.e., lied about—their
respective heat shields and fabricated multicultural
capabilities.
Yet in the
end, this scenario represents sick, sickness, and sickening aspects of the
healthcare and marketing industries.
On a
positive note, Pfizer offers a new category for Byron Allen to file a lawsuit.
Pfizer
Awards Global Account To Publicis And IPG—Behind One Of The Year’s Biggest
Reviews
Under a new CMO, the pharma giant is switching up its
marketing strategy
By Adrianne
Pasquarelli
Pfizer rose to
a new level of prominence as one of just three main providers
of the COVID-19 vaccine and booster shots. Now, as emergency restrictions have
eased and many have moved past the pandemic, the pharmaceutical giant is
changing the way it markets its brand, with a new chief marketing officer, and,
as of today, a new agency roster.
Pfizer has
awarded its “integrated global engine” to Publicis Groupe and named Interpublic
Group of Cos. its lead creative partner, three months after initiating a massive review incorporating advertising
creative, media, PR and production duties.
It is a major
victory for both Publicis and IPG, which beat out multiple holding companies in
one of the industry’s most hotly contested—and lucrative—reviews of the year.
MediaLink was the consultant on the review, which kicked off in February.
Dentsu’s Carat was the incumbent on U.S. media, while global media is handled
by various agencies across the globe.
Publicis, by
handling data and tech, media and creative production, will help form the new
Pfizer marketing machine. Last year, New York-based Pfizer spent $2.8 billion
on worldwide advertising, up from $2 billion in 2021, according to the
company’s financial documents. Yet the bulk of the $100 billion brand’s spend
is in the U.S., where Pfizer ranked as the 36th largest advertiser,
spending $1.49 billion in the U.S. in 2021, according to Ad Age’s Datacenter.
“Pfizer is a
leader,” said Drew Panayiotou, who was hired as the
drug company’s first global chief marketing officer in the fall after working
as CMO of Verily, Alphabet’s life sciences research arm. “We are looking at how
the company goes to market and how to continue to be a leader—to do things that
others don’t do in the industry in service of driving science and driving
breakthroughs.”
IPG was not
immediately available for comment and Publicis had no comment.
“We are proud
of the Carat team and our long-term partnership as Pfizer’s U.S. media
partner,” said Jacki Kelley CEO, Dentsu Americas chief global client officer.
“The progress and success we have shared is a testament to the amazing people
on both sides and our critical partners. We are inspired by Pfizer as a company
and by Drew’s ambitious agenda for marketing and wish him and everyone at
Pfizer continued success.”
The marketing
restructuring is the culmination of several years of transition for Pfizer, as
the company strives to return to its science-driven roots. In 2020, Pfizer spun off its Upjohn generic drugs business, combining
it with competitor Mylan Pharma to form a new company, Viatris. That left
Pfizer to focus on its health-based innovation and be more agile and
science-focused, according to Panayiotou.
Last year,
Pfizer continued telling its brand story with a redesigned logo—trading
its old blue pill for a more modern helix-type symbol that screams science,
particularly after the COVID-19 vaccine breakthroughs. Earlier this year,
Pfizer amplified this theme with an emotional campaign from
Grey New York pitting losers such as fear, sorrow and illness against the
winner of science.
COVID vaccine momentum
Pfizer’s success as an early administer of the COVID-19
vaccine helped catapult the brand into mainstream recognition and appeal beyond
the pharmaceutical aisle. Vaccine-awareness campaigns with celebrities including Michael Phelps, Questlove, Pink and Jean Smart
attracted even more support. Now, the pharma titan plans to continue its
momentum with its new agency partner and revitalized marketing department.
“We had spent all those months not knowing what was going to
happen with the pandemic, and suddenly, they give us that magical 95% efficacy
moment—even my mom now knows what Pfizer is,” said Manuel Hermosilla, assistant
professor of marketing at Johns Hopkins University’s Carey Business School.
“That moment imprinted on many of us a re-enchantment with the pharmaceutical
industry, that feeling that scientific magic is possible and Pfizer is a
company that knows how to make it happen.”
Of course,
Pfizer’s was not the only vaccine administered during the pandemic. Moderna,
backed by the star power of Dolly Parton, and Johnson & Johnson
also got brand boosts. Moderna, in particular, has been trying to parlay its
COVID-19 gains into more brand recognition. The pharma company recently ran an
adtouting its own scientific prowess as more than a COVID-vaccine
company. The commercial focused on the mRNA science behind the vaccine and how
it can help in other medical areas.
A veteran
marketer
Yet Panayiotou,
Pfizer’s new CMO, is a veteran marketer with a plethora
of the industry experience needed to continue the brand’s rise. Prior to his
two-year stint at Verily, he built a business incubator at Chick-fil-A, led
BBDO’s Atlanta office and worked as U.S. CMO of Best Buy. Panayiotou also has
marketing experience from the Walt Disney Co. and the Coca-Cola Co., where he
developed marketing for Sprite and Fanta. In the mid-’90s, he worked as a product
director at Johnson & Johnson.
“I got a call
to come to Pfizer and what did attract me is the fact that I could build
something that doesn’t exist and has never existed before,” said Panayiotou
about the opportunity to build up Pfizer’s marketing department into a more
agile machine.
That
reconstruction starts with streamlining the brand’s agency roster. In the past,
Pfizer has worked with every holding company. That includes such shops as WPP’s
Grey New York, which created the brand’s most recent campaign, VMLY&R,
EssenceMediacom, Mindshare and Wavemaker; IPG’s FCB and IPG Health; and
Omnicom’s Rapp, PHD, TBWA\WorldHealth, according to Ad Age’s Datacenter.
“We clearly
realized we needed to have more simplification of our agency structure,” said
Panayiotou, noting Pfizer needed to simplify how it goes to market and make
integrated marketing easier. “We also wanted to leverage scale.”
Global
products, local connections
The appointment
is a big win for Publicis, which has seen a spate of activity of
late with its “Power of One” strategy. The holding company, whose revenue jumped nearly 20% last year, was the big winner in LVMH’s North American media review
earlier this month.
IPG’s
Mediabrands, meanwhile, just won U.S. media buying and planning duties
for the direct-to-consumer brands at Bristol Myers Squibb.
Under
Panayiotou, Pfizer has also been building up its internal marketing department,
which numbers around 1,000 staffers. The company is hiring for four key areas,
including UX and design, to improve the digital experience for patients and
doctors; innovation, to better integrate new channels such as telemedicine;
data science and analytics, to unearth better insights; and media and
performance marketing, to deliver the best ROIs and engagement on campaigns
using a data-driven approach.
Pfizer is a
global company but “health care is a local thing,” said Panayiotou. “So how do
we think about products that are global that are made for the world, but
connect them the right way locally?”
Pfizer is in
the midst of a busy 18 months in which it plans to launch 19 medicines and
vaccines, including a dozen new medicines and seven expansions. With its new
agency partner, the company expects to be smarter and faster with how it
markets such products.
“The Goldilocks
element is to really figure out how to do high-tech and high-touch marketing,”
said Panayiotou.